Online Degree in Economics

Economics is the study of choice and uses the lens of social science to focus on analyzing and describing the production, distribution, and consumption of wealth. It is a field that is ever-relevant, and individuals with a grasp of economics and how it affects the world are in high demand. If you want to get into this career, there are a number of degrees you can opt for. Online degree …

Economics is the study of choice and uses the lens of social science to focus on analyzing and describing the production, distribution, and consumption of wealth. It is a field that is ever-relevant, and individuals with a grasp of economics and how it affects the world are in high demand.

If you want to get into this career, there are a number of degrees you can opt for. Online degree programs allow students to work while studying and maintain a workload that is flexible and according to their schedule.

Where Do I Start?

To begin with, you can consider an Associate of Arts in Economics that can be obtained in two years of study. It lays the groundwork in areas such as Financial Planning, Economic Analysis and Budget Development. This can be sufficient for certain entry-level positions with companies requiring a basic understanding of finance but upward mobility is limited with this basic degree.

You should opt for at least a Bachelor’s Degree in Economics which can be pursued online in about four years and provides the student with useful market analysis skills. Once you have the basics, you can choose your area of specialization and enroll in an advanced graduate degree.

Typical Courses of Online Degree in Economics

Introduction to Microeconomics

Calculus 1

Econometrics

Statistics

Money and Banking

Financial Accounting

Political Economy

Economic History

Industrial and Behavioral Policy

Risk Analysis

Capital Investment

What Can I Do With This Degree?

Economics majors can become statisticians, actuaries, loan officers, stock market traders, financial analysts, social researchers, urban planners and even news correspondents as well as, naturally, economists. The education sector is a place that is always in need for people with an understanding of economics. You can use this degree to enter other fields such as management, business administration, finance, public policy and development etc.

Earning Potential For Economists

The earning potential for someone with a Degree in Economics dependd upon the level of education they possess and how they utilize that knowledge. The median income for an individual with a Bachelor’s Degree in Economics is between $30,000 and $35,000 annually, while individuals with a Master’s Degree in Economics the median income around $55,000 per year.

This figure jumps substantially for doctorate holders and professionals with the right type of work experience. For instance, the average economist, who monitors and forecasts the availability, price and mode of distribution of resources, tends to make median annual income of around $77,000 a year, and the most successful economists make over $130,000 per year.

An economics degree develops skills across a wide spectrum, and if you are interested in the field then you can carve a career path for yourself by opting for an Online Degree in Economics.